Wednesday, April 15, 2009

I&B Ministry grants 3 years to World Space for new licensing

Wednesday - Apr 15, 2009
Televisionpoint.com Correspondent Mumbai
Popular satellite radio service provider World Space India has sought five-year time to migrate into the new licensing regime once it is finalised. World Space, in a official communiqué to the Information and Broadcasting Ministry, said that the company would divest 26 per cent equity in favour of Indian equity investors, within a five-year time frame.

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